Hi , recently IT department has conducted survey at my friend place. His father is uneducated and had not maintained any accounts. what are the rules to calculate Tax laibility based on revenue when there are no books.
Hi , recently IT department has conducted survey at my friend place. His father is uneducated and had not maintained any accounts. what are the rules to calculate Tax laibility based on revenue when there are no books.
Sir, Income is from real estate business.income is calculated from the registered documents. is there any clause in act that we should offer certain percentage of revenue as Tax if books ( development costs) are not maintained?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
